Brazilian Fintech NG.CASH Secures $26.5M Series B Funding

Brazil-based fintech platform NG.CASH has raised $26.5 million in a Series B funding round led by New Enterprise Associates (NEA), with participation from Quantum Light, Monashees, Andreessen Horowitz (a16z), Endeavor Catalyst, 17Sigma, and Daphni. The company, which serves Brazil's digital-first generation with over three million active accounts, offers a comprehensive suite of products including real-time payments, prepaid cards, device insurance, AI-powered financial tools, and tailored installment plans bundled in a subscription service. NG.CASH plans to use the new capital to accelerate development in emerging fintech areas such as regulated stablecoin accounts and context-aware underwriting solutions aimed at helping users achieve long-term financial goals. CEO Mario Augusto Sá emphasized the company's mission to empower financial independence and organization for young Brazilians, highlighting rapid growth and a milestone for the team. NEA principal Hunter Worland praised NG.CASH’s innovative approach, strong management team, and traction in leveraging real-time payments to build a generational fintech company. Additionally, Pierpaolo Barbieri, founder of 17Sigma and Ualá CEO, has joined NG.CASH’s board following the funding round.